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DeFi "Decentralized Finance"

By Cash follow Cash   2020 Sep 13, 7:11pm 136 views   5 comments   watch   nsfw   quote   share    


Future global finance is all about Blockchain and imho a ground floor opportunity/speculative investment.
There is such a thing as staking "lending pools" where you can earn 2-3% and even up to 10% APR
parking your money depending on the ERC-20 Token you stake.

This is an example of what can and did happen concerning a ERC-20 Token https://www.coingecko.com/en/coins/yearn-finance
YFI $34.53 7/18/20 to $38,148 8/31/20 and has been as high as $42,961 9/12/20. A person doesn't have to stake
their tokens while they wait for development and gains however when building your stacks you might as well earn
some interest you never loose control of your own token coins. I have my favs I am stacking up but will let you do your own
DYOR and share your own thoughts on the diff. tokens if you will.

Galgitron's Blog http://galgitron.net/Post/DeFi-Defined
Gives a nice simple explanation of DeFi he is a big supporter of XRP as the ultimate cross boarder cryptocurrency and makes
some great arguments in support.
1   Dholliday126   ignore (0)   2020 Sep 13, 7:28pm     ↓ dislike (0)   quote   flag      

You are correct. But sovereigns will never let people have a uncontroled currency, NEVER. You can trade it, you can make some money off of it, but in the end they will make you a criminal once it becomes too popular.
2   Cash   ignore (0)   2020 Sep 13, 9:59pm     ↓ dislike (0)   quote   flag      

Dholliday126 says
you can make some money off of it


Lots and lots of money ;)
3   TrumpingTits   ignore (4)   2020 Sep 14, 5:29am     ↓ dislike (0)   quote   flag      

It's all blowjobs and backrubs until your wallet gets deleted.
4   Patrick   ignore (1)   2020 Sep 14, 7:05pm     ↓ dislike (0)   quote   flag      

TrumpingTits says
It's all blowjobs and backrubs until your wallet gets deleted.


Lol, absolutely!

The whole point of blockchain crypto currencies is to prevent the ability of anyone from deleting or confiscating what you own.

Your own bank accounts don't give you that in the least. When the government wants your money, they can just take it.
5   Cash   ignore (0)   2020 Sep 15, 5:08pm     ↓ dislike (0)   quote   flag      

Earning 6.3% APR on a bit of idle cash ;) The rate varies but is posted accurate rates on their website as it changes. https://www.dharma.io/
Funding through the bank is very slow takes 2 weeks so there are work a rounds to make it happen some what quicker such as funding Kraken or
coinbase and then buying DIA for instance and then transferring the coins to Dharma.

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